Philip Smith

My opinions are my own.

[Volo @volo_sui]

We have applied to list vSUI on @coingecko ! 🚀

Request ID: CL2711230049
GeckoTerminal URL:
https://t.co/2MCMShOel6

[Volo @volo_sui]

If you're new to liquid staking—or even if you're not—the article written by the Sui Foundation is essential reading.

Liquid staking is a feature that frees up liquidity on the main network. It allows you to earn more by providing liquidity for vSUI/SUI pairs and also to borrow additional tokens to enhance your position through our partner protocols.

What can you do with vSUI so far?

- Stake vSUI/SUI on partner DEXes and earn rewards on top of your staked SUI base APY of 4.2%!
- @FlowX_finance - 521,55% APR during 22 - 29 NOV!
- @KriyaDEX - Base APY of 16.33% to a max of 81.66%!
- @CetusProtocol - 0.51% fee earnings + 15.63% APR
- @Turbos_finance - 1.55% APR with $14k staked!

- Borrow BUCK from @bucket_protocol with vSUI to build a bigger position, currently at 157.09%.

- Supply, borrow, or use vSUI as collateral on @Scallop_io!

To get vSUI, all you need to do is connect and stake SUI at https://t.co/dAyTM9MBKS!

More utilities coming soon!

[NAVI Protocol @navi_protocol]

Learn DeFi with NAVI - Liquid Staking 💧

🔐 Staking is an integral part of keeping proof-of-stake blockchains like #Sui secure. The staked funds act as collateral to encourage a validator’s good behavior.

🤔 However, this also means that these assets remain illiquid and cannot be used in the blockchain’s ecosystem.

To counter this drawback, we’ve seen the emergence of a new concept - Liquid Staking.

This is a popular solution that allows users to participate in PoS and receive rewards while simultaneously gaining access to liquid tokens that can be plugged into the ecosystem’s DeFi protocol.

💸 On Sui, native staking yields between 4-5%, a very lucrative APY to miss out on.

Here’s how the process works:

1️⃣ Choose your preferred liquid staking platform.
2️⃣ Lock your tokens with the liquid staking provider.
3️⃣ You receive liquid staking tokens (LSTs), that represent your initial assets.
4️⃣ You can now use these LSTs in different DeFi protocols like DEXes, Lending, etc.

In the meantime, the liquid staking platform will lock your underlying assets and use them in native staking, securing the Sui blockchain and accumulating staking rewards.

Advantages:

🔸 Accessibility - usually, LS platforms don’t have an unbonding period.
🔸 Liquidity - your assets remain liquid and you can use them like any other asset.
🔸 DeFi Composability - you can use LSTs in DeFi lending, liquidity providing, etc.
🔸 Increased Rewards - You can get rewards from liquid staking but also from any DeFi protocol where you use your LSTs.

Liquid staking is emerging in @suinetwork with protocols like

1. Volo @volo_sui
2. Aftermath Finance @AftermathFi
3. Haedal Protocol @HaedalProtocol
4. DegenHive @DegenHive

And many others…

NAVI is working toward multiple integrations that will allow LSTs to be provided as liquidity on the protocol and accumulate yields for lending.

[Philip Smith @BitSmith01]

Get ready to earn some cool rewards!

[Volo @volo_sui]

Prepare for substantial rewards by staking vSUI/SUI LP on Kriya Dex!

Please follow these instructions:

1. Stake half of your SUI at this link: https://t.co/dAyTM9MBKS
2. Go to Kriya Dex at: https://t.co/gfzQj9tKsT
3. Choose the vSUI/SUI pair and select '+Add Liquidity'.

Input the maximum for the voloSUI pair and the SUI field will auto-adjust to balance your pair.

Stake to start earning up to 393% APY!

[Volo @volo_sui]

Volo is excited to launch Mainnet liquid staking on @SuiNetwork!

vSUI is a non-custodial and unlocked version of Staked SUI to be utilized within the entire SUI ecosystem.

Check it out now 👇
#Suinami

[Scallop @Scallop_io]

💧SCALLOP POOL UPDATE💧

Scallop lending, borrowing and collateral pools now supports LSD token vSUI from @volo_sui🌊

Scallopers can now borrow more with $CETUS by @CetusProtocol as we have increased the collateral weight from 30% to 50%!🚀

Experience Scallop today👉https://t.co/x9anTM6Rm4

[Volo @volo_sui]

We are excited to announce our partnership with @CetusProtocol. This strategic collaboration will introduce the first layer of liquidity for the vSUI/SUI trading pairs.

The new trading pair is now live at: https://t.co/CIpjXgjH4I

📗Website: https://t.co/xZaG5qjE1S
📗Documentation: https://t.co/kq0USCIuLy
💧 Add Liquidity: https://t.co/qnp0pYUR7p

🧵About Cetus Protocol:

Cetus is a pioneering decentralized exchange (DEX) and concentrated liquidity protocol, developed on the Sui and Aptos blockchains. Its primary objective is to establish a powerful and adaptable liquidity network that simplifies trading for all users and assets.

By focusing on delivering an exceptional trading experience and superior liquidity efficiency, Cetus empowers DeFi users with its concentrated liquidity protocol and a suite of interoperable functional modules.

Liquidity efficiency is paramount in the Cetus ecosystem, driven by its advanced concentrated liquidity algorithm. This method benefits both liquidity providers (LPs) and traders. By concentrating liquidity within an active price range, LPs can earn transaction fees more efficiently.

#liquidity #suinami 🌊

[Turbos Finance @Turbos_finance]

The @volo_sui $vSUI - $SUI pool is now LIVE on Turbos!

This marks the beginning of a new liquidity era for LSD and LSDfi on @SuiNetwork.

Experience the most capital efficient DEX on Sui: https://t.co/DDN4JtUDGP

[Philip Smith @BitSmith01]

And we are LIVE! 🌊🌊🌊

[Volo @volo_sui]

Volo is excited to launch Mainnet liquid staking on @SuiNetwork!

vSUI is a non-custodial and unlocked version of Staked SUI to be utilized within the entire SUI ecosystem.

Check it out now 👇
#Suinami

[Philip Smith @BitSmith01]

@aa964305 @SuiNetwork I'm gonna be that guy. Where is the downtrend?

[Philip Smith @BitSmith01]

@oyacaro Well, I got news then because @SuiNetwork has already built it!

[Volo @volo_sui]

We are proud to announce our strategic partnership with @surf_wallet, one of the first #zkLogin wallets on Sui! As part of our collaboration, we will be working closely with Surf to make our Liquid Staking Token $vSUI available to all users.

Stay close for more news on our LST release and make sure you don't miss the wave!

Check out our new partners at: https://t.co/zvC9nEmv0y !

[Philip Smith @BitSmith01]

@iamlauwolff Just kidding, maybe

[Volo @volo_sui]

We're excited to partner with @scallop_io, expanding ways to utilize vSUI!
Scallop is a pioneering money market in the Sui ecosystem and the first to receive a grant from the Sui Foundation. With top-notch security, they offer high-interest lending, low-fee borrowing, AMM, asset management, and an SDK for pros!
If you want to learn more make sure to pay them a visit!
🔹https://t.co/a3iHd5sRgr
🔹https://t.co/trgsOeaxml
🔹https://t.co/oYYV1tSABS
🔹https://t.co/rtWjVOzE23

[Sui @SuiNetwork]

The Sui Liquid Staking Hackathon has officially concluded, and we’re delighted to announce the winners in the following categories! 🥳

Liquid Staking Protocol:
🥇@AftermathFi
🥈@HaedalProtocol
🥉@volo_sui

LST DeFi and Tooling:
🥇@AftermathFi
🥈@bucket_protocol
🥉@WispSwap

Honorable Mentions (in alphabetical order):
@DegenHive, @DesigLabs, @interest_dinero, @kanalabs, Legato, and @suisaclub.

Huge congrats to all of the winners and thank you to the hundreds of teams that participated. We’re looking forward to this ecosystem continuing the #Suinami in DeFi!

Check out the blog for more details on the winning teams: 👉 https://t.co/iGBRKZcyaT

[Philip Smith @BitSmith01]

@FatJesusLive @GoldingBF @elonmusk You might be correct, both our company accounts been under raid since last month. That is about the same period we started to get low reach.

[Philip Smith @BitSmith01]

@GoldingBF @elonmusk Exactly the same issue here. Support gave the worst automatic replies ever, while we’ve been under shadowban since 20 last month. Our reach dropped considerably.

[Philip Smith @BitSmith01]

An important partnership for our protocol growth!

[Volo @volo_sui]

Volo is partnering with @WispSwap and joining the wispSUI LST basket. This partnership is a major boost for the Sui LSDfi ecosystem, reinforcing our commitment to decentralization within the Sui network. We're dedicated to offering Sui stakers a seamless experience, while also enhancing utilities and amplifying liquidity for voloSUI LST.

[Philip Smith @BitSmith01]

One step closer to Mainnet.

[Volo @volo_sui]

We are pleased to announce the completion of our first smart contract audit for $voloSUI with @MoveBit_ . At Volo, the safety and security of our users is always our top priority. As part of our standard operating procedures, we require a mandatory third-party audit before launching our Liquid Staking protocol for public use.

You can find the full report here: https://t.co/Uax3mtHrDn

[Philip Smith @BitSmith01]

@BL0CKRUNNER Current inteligence level of chatGPT does not surpass that of a normal human with the ability do research, they really tuned him down so it would not seem dangerous.